BRIEF OBJECTS

BRIEF OBJECTS

TELEKURS COMMISSIONED TO DEVELOP EUROSIC

Telekurs Holding of Zurich will be developing an interface to European payment systems as a result of being commissioned to develop a Euro Swiss Interbank Clearing (EuroSIC) system in time for the European Monetary Union (EMU). Late last year, the Swiss Bankers Association instructed Telekurs Holding, a consortium of Swiss banks, to develop a way to ease electronic transfer of Euro payments among banks and other financial institutions even though

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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